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The “Good News” On Inflation
Article By:
Joseph Calhoun
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Monday, May 20, 2024 9:50 AM EDT
Bonds and stocks rallied last week on the back of two pretty good inflation reports
In this article: UUP
GBP/USD Forecast: Rallies Toward Resistance
Article By:
Christopher Lewis
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Monday, May 20, 2024 8:05 AM EDT
The GBP has pulled back just a bit during the early hours on Friday, only to turn around and show signs of strength again. The 1.27 level is an area that we are threatening, and of course we have seen a lot of resistance, all things being equal.
Forex Today: Gold, Silver, Copper Rise To Fresh Highs
Article By:
Adam Lemon
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Monday, May 20, 2024 7:06 AM EDT
Precious metals have risen strongly to new highs, although the past few hours have seen Gold and Silver give back some of their gains. Gold has reached a new record high at $2450 while Silver has reached a new 11-year high at $32.50.
EUR/USD Forex Signal: Bulls Pushing For New 2-Month High
Article By:
Adam Lemon
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Monday, May 20, 2024 6:41 AM EDT
My previous EUR/USD signal on 13th May was not triggered, as the bearish price action took place above the resistance level at $1.0799.
USD/JPY Exhibits Volatility Contraction Near 155.60 Due To Sidelined US Dollar
EUR/JPY Forex Signal: Euro Continues To Rally Against The Japanese Yen
Article By:
Christopher Lewis
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Monday, May 20, 2024 6:12 AM EDT
this is a long-term bullish trend that I think has a lot further to go. At this point, I’m willing to buy here and I would have a stop loss below the ¥176 level. I would target at least the ¥172 level, if not ¥175.
AUD/USD Forex Signal: Golden Cross Pattern Nears
Article By:
Crispus Nyaga
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Monday, May 20, 2024 4:13 AM EDT
The AUD/USD exchange rate continued its bull run last week as the US dollar index plunged to its lowest level in more than a month.
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen - Monday, May 20
Article By:
Peter Mathers
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Monday, May 20, 2024 3:42 AM EDT
The AUD/JPY Elliott Wave analysis provides an in-depth look at the market's current dynamics.
Vietnam Loses Huge Amount Of Aid, Foreign Capital Withdraws, Exchange Rate Depreciates
Article By:
EqualOcean
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Monday, May 20, 2024 3:31 AM EDT
On May 17, the UN, the World Bank and Western donors told the Vietnamese government in a letter that the country has lost at least $2.5 billion in foreign aid in the past three years and could lose another $1 billion due to administrative paralysis.
EUR/USD Weekly Forecast: Push Upwards And Sustained Higher Technical Values
Article By:
Robert Petrucci
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Sunday, May 19, 2024 1:27 PM EDT
The EUR/USD went into this week keeping its optimistic bullish sentiment on display as the closing value of 1.08670 remained within sight of near-term highs.
Hedge Fund Positions, The Future Through Futures, And Other Insights From CoT Report
Article By:
Paban Pandey
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Sunday, May 19, 2024 10:42 AM EDT
On Wednesday through Friday, the Russell 2000 (2096) rallied north of 2100 in each session intraday but closed the week just shy of that level. For over two months now, the small cap index has failed to decisively clear 2100, which is important.
GBP/USD Weekly Forecast: Cooling US Inflation Boosts Pound
Article By:
Yohay Elam
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Sunday, May 19, 2024 8:08 AM EDT
The US CPI report showed a decline in inflation. Employment data from the UK showed a significant drop in jobless claims. Next week, the UK will release its crucial inflation report.